640 Vital Statistics. 22 Condition Alerts found.
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Median real estate price in the City Center of Melrose is $511,967, which is more expensive than 69.1% of the neighborhoods in Massachusetts and 85.9% of the neighborhoods in the U.S.
The average rental price in Melrose City Center is currently $1,492, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 69.1% of Massachusetts neighborhoods.
Melrose City Center is an urban neighborhood (based on population density) located in Melrose, Massachusetts.
Real estate in the City Center of Melrose, MA is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.
In Melrose City Center, the current vacancy rate is 0.7%, which is a lower rate of vacancies than 96.3% of all neighborhoods in the U.S. This means that the housing supply in Melrose City Center is very tight compared to the demand for property here.
When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.
In a nation where 1 out of every 4 children lives in poverty, the Melrose City Center neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.
Did you know that the Melrose City Center neighborhood has more Greek and Welsh ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.8% of this neighborhood's residents have Greek ancestry and 3.1% have Welsh ancestry.
Melrose City Center is also pretty special linguistically. Significantly, 1.2% of its residents five years old and above primarily speak Greek at home. While this may seem like a small percentage, it is higher than 97.5% of the neighborhoods in America.
This neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.7% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Melrose City Center neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.
In addition, even if you drive or take transit to your place of employment, many people enjoy being able to walk in their neighborhood. What many people don't realize is that most of America's premier vacation locations are also very walkable. The Melrose City Center neighborhood is among the top 5% of American neighborhoods in terms of walkability.
Furthermore, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 70.3% of the residential real estate in the Melrose City Center neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.0% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.
If you like to ride the train to work, this neighborhood may be for you. NeighborhoodScout's research revealed that 18.2% of the Melrose City Center neighborhood's commuters ride the train to and from work each day, which is more than we found in 96.0% of America's neighborhoods.
How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.
The neighbors in the City Center neighborhood in Melrose are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 81.8% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.
The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.
In the Melrose City Center neighborhood, 55.5% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 20.4% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (14.6%), and 9.5% in clerical, assistant, and tech support occupations.
Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.
In the City Center neighborhood in Melrose, MA, residents most commonly identify their ethnicity or ancestry as Italian (25.5%). There are also a number of people of Irish ancestry (22.8%), and residents who report English roots (14.9%), and some of the residents are also of Greek ancestry (8.8%), along with some Polish ancestry residents (8.4%), among others. In addition, 10.3% of the residents of this neighborhood were born in another country.
The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Melrose City Center neighborhood is English, spoken by 90.4% of households. Other important languages spoken here include French and Chinese.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Melrose City Center neighborhood spend between 15 and 30 minutes commuting one-way to work (31.5% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (73.3%) drive alone in a private automobile to get to work. In addition, quite a number also take the train to get to work (18.2%) and 5.7% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.
Analytics built by: Location, Inc.
Raw data sources: National Agriculture Statistics Service, U.S. Department of Agriculture, Federal Housing Finance Agency, U.S. Department of Housing and Urban Development, U.S. Bureau of the Census, U.S. Geological Service, American Community Survey.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
44 Vital Statistics. 2 Condition Alerts found.
Analytics built by: Location, Inc.
Raw data sources: American Community Survey, U.S. Bureau of the Census, U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Geological Service, National Agricultural Statistics Service.
Date(s) & Update Frequency: 2016 (latest available). Updated annually.
Methodology: Unlike standardly available Census demographics, NeighborhoodScout uses dozens of custom models to transform 8.5 million raw demographic data elements from government sources into proprietary indices and insights…. Read more
136 Vital Statistics. 1 Condition Alert found.
Analytics built by: Location, Inc.
Raw data sources: 18,000 local law enforcement agencies in the U.S.
Date(s) & Update Frequency: Reflects 2016 calendar year; released from FBI in Sept. 2017 (latest available). Updated annually. Where is 2017 data?
Methodology: Our nationwide meta-analysis overcomes the issues inherent in any crime database, including non-reporting and reporting errors. This is possible by associating the 9.4 million reported crimes in the U.S, including over 2 million geocoded point locations…. Read more
67 Vital Statistics. 2 Condition Alerts found.
| Crime | |
|---|---|
| City Center | 0.101011101001110 |
| Melrose | 0.101011101001110 |
| Massachusetts | 3.77 |
| Crime | |
|---|---|
| City Center | 0.101011101001110 |
| Melrose | 0.101011101001110 |
| Massachusetts | 15.61 |
| Crime | |
|---|---|
| City Center | 0.101011101001110 |
| Melrose | 0.101011101001110 |
| Massachusetts | 25 |
Analytics built by: Location, Inc.
Methodology: Only NeighborhoodScout gives you nationally comparable school ranks based on test scores, so you can directly compare the quality of schools in any location. Read more
65 Vital Statistics. 7 Condition Alerts found.
| Discipline | District | State |
|---|---|---|
| Proficiency in Reading and Math | 0.101011101001110 | 0.101011101001110 |
| Proficiency in Reading | 0.101011101001110 | 0.101011101001110 |
| Proficiency in Math | 0.101011101001110 | 0.101011101001110 |
| School Details | Grades | Quality Rating Compared to MA | Quality Rating Compared to Nation |
|---|---|---|---|
|
Early Childhood Center School
16 Franklin Street Melrose, MA, 02176 |
PK-PK | ||
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Herbert Clark Hoover School
37 Glendower Road Melrose, MA, 02176 |
KG-05 | ||
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Horace Mann School
40 Damon Avenue Melrose, MA, 02176 |
KG-05 | ||
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Lincoln School
80 West Wyoming Avenue Melrose, MA, 02176 |
KG-05 | ||
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Melrose High School
360 Lynn Fells Parkway Melrose, MA, 02176 |
09-12 | ||
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Roosevelt School
253 Vinton Street Melrose, MA, 02176 |
KG-05 | ||
|
Winthrop School
162 First Street Melrose, MA, 02176 |
KG-05 | ||
|
Melrose Middle School
350 Lynn Fells Parkway Melrose, MA, 02176 |
06-08 |
Analytics built by: Location, Inc.
Raw data sources: U.S. Department of Education, 50 state departments of education, U.S. Bureau of Labor Statistics, Dow Jones S&P, Federal Bureau of Investigation, 18,000+ local law enforcement agencies, Federal Housing Finance Agency, U.S. Bureau of the Census, American Community Survey, U.S. Department of Housing and Urban Development, U.S. Geological Service, U.S. Department of Transportation, LEHD Origin-Destination Employment Statistics, Federal Highway Administration, National Agricultural Statistics.
Methodology: Scout Vision uniquely solves for investment risk by generating Home Price Appreciation projections with unprecedented geographic granularity and predictive accuracy, for every micro-neighborhood (block group) in the U.S. Read more
328 Vital Statistics. 10 Condition Alerts found.
| Time Period | Total Appreciation | Avg. Annual Rate |
Compared To
Metro* |
Compared To
America* |
|---|---|---|---|---|
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3 Year Forecast:
2018 Q2 - 2021 Q2 |
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Latest Quarter:
2017 Q4 - 2018 Q1 |
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Last 12 Months:
2017 Q1 - 2018 Q1 |
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Last 2 Years:
2016 Q1 - 2018 Q1 |
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Last 5 Years:
2013 Q1 - 2018 Q1 |
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Last 10 Years:
2008 Q1 - 2018 Q1 |
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Since 2000:
2000 Q1 - 2018 Q1 |
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| * 10 is highest | ||||
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